Have you been paying attention to shares of HCI Group (HCI) ? Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $176.4 in the previous session. HCI Group has gained 43.4% since the start of the year compared to the 2.7% move for the Zacks Finance sector and the 12.4% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34126 HCI Group, Inc. (Exact name of registrant as specified in its charter) (State of Incorporation) Florida 20-5961396 (IRS Employer Identification No.) 3802 Coconut Palm ...

HCI Group (HCI) came out with quarterly earnings of $5.35 per share, beating the Zacks Consensus Estimate of $4.49 per share. This compares to earnings of $3.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.15%. A quarter ago, it was expected that this property and casualty insurance holding company would post a loss of $2.75 per share when it actually produced earnings of $0.31, delivering a surprise of 111.27%.Over the ...

HCI Group (HCI) Q1 2025 Earnings Call May 08, 2025 04:45 PM ET Company Participants Bill Broomall - Investor RelationsKarin Coleman - COO, Director & President of Homeowners ChoiceMark Harmsworth - Chief Financial OfficerKevin Mitchell - PresidentSuela Bulku - Senior Financial Officer & ControllerParesh Patel - Chairman and Chief Executive OfficerMatthew Carletti - Managing Director Conference Call Participants Michael Phillips - Managing Director and Insurance AnalystMark Hughes - AnalystCasey Alexander - ...

Financial Data and Key Metrics Changes - HCI Group reported a 17% increase in gross earned premiums compared to the same quarter last year [5] - The net combined ratio improved to 56% from 67% in Q1 2024 [5] - Pre-tax net income was just over $100 million, with earnings per share at $5.35, up from $3.81 in the same quarter last year [9] Business Line Data and Key Metrics Changes - The real estate division, Greenleaf, entered a new multi-year lease agreement with GEICO for an office campus of 190,000 square feet, contributing to an off-balance sheet gain of approximately $85 million [7] - Hailrow reciprocal exchange commenced operations, assuming about 14,000 policies and $35 million in premium from citizens [6] Market Data and Key Metrics Changes - The growth loss ratio was less than 20%, down from 31% in the same quarter last year, reflecting low claim volume [10] - Claim frequency was down more than 40% from Q1 last year, attributed to legislative changes and favorable weather conditions [10] Company Strategy and Development Direction - HCI Group is focused on the separation of Exio to allow it to operate as a standalone company, which is expected to unlock new growth opportunities [21] - The company aims to replicate its success in the homeowners insurance market by leveraging Exio's technology platform [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow revenue while enhancing profitability, with expectations for continued strengthening of the balance sheet [12] - The company anticipates completing the conversion of its convertible notes, which will further improve shareholder equity [12] Other Important Information - HCI Group plans to redeem its 4.75% convertible senior notes, reducing debt by approximately $172 million [6] - Exio reported $52 million in revenue and $24 million in pre-tax income for Q1, indicating strong margins and solid performance [20] Q&A Session Summary Question: What areas of the homeowners market is Exio best suited to target? - Management indicated that Exio's technology has proven effective in Florida and other states, with potential applications in various lines of business [28][31] Question: Can you quantify the impact of favorable weather on the gross loss ratio? - The loss ratio was under 20%, with expectations that a more normalized loss ratio might be around 24-25% [32][33] Question: What are the expectations for June 1 renewals? - Management noted that there is plenty of capacity in the market, indicating a stable negotiation environment for reinsurance [34] Question: Why choose a spin-off for Exio? - The spin-off is intended to maximize value creation for existing shareholders and resolve any potential conflicts of interest [39][67] Question: How does Exio's technology benefit potential partners? - Exio's technology optimizes the assembly of a book of business for partners, regardless of whether they are admitted or non-admitted carriers [40] Question: What is the competitive landscape for the condo business? - The condo business is becoming more competitive, but HCI Group maintains pricing discipline [43]

First Quarter Diluted EPS of $5.35 First Quarter Pre-Tax Income of $100.3 million Exzeo Ready to be Standalone Company Tampa, Fla. – May 8 , 2025 – HCI Group, Inc. (NYSE:HCI), reported pre-tax income of $100.3 million and net income of $74.2 million for the first quarter of 2025. Net income after noncontrolling interests was $69.7 million compared with $47.6 million in the first quarter of 2024. Diluted earnings per share were $5.35 in the first quarter of 2025, compared with $3.81 diluted earnings per shar ...

Core Insights - HCI Group, Inc. reported a strong financial performance for the first quarter of 2025, with a pre-tax income of $100.3 million and a net income of $74.2 million, reflecting significant growth compared to the same period in 2024 [2][3] - The company announced plans for a potential tax-free spin-off of its subsidiary Exzeo, which is set to become a standalone company by the end of the year [3] Financial Performance - The first quarter of 2025 saw diluted earnings per share (EPS) rise to $5.35, up from $3.81 in the first quarter of 2024, indicating a year-over-year increase of approximately 40.5% [2][15] - Consolidated gross premiums earned increased by 17.0% to $300.4 million in Q1 2025, compared to $256.6 million in Q1 2024, driven by policy assumptions from Citizens Property Insurance Corporation [3][15] - Net income after noncontrolling interests was $69.7 million in Q1 2025, compared to $47.6 million in Q1 2024, marking a year-over-year increase of 46.5% [2][15] Expense Management - Losses and loss adjustment expenses decreased to $59.3 million in Q1 2025 from $79.9 million in Q1 2024, resulting in a gross loss ratio of 19.7%, down from 31.1% in the previous year [5][21] - Policy acquisition and other underwriting expenses rose to $27.3 million in Q1 2025 from $22.1 million in Q1 2024, attributed to higher gross premiums earned [6][21] - General and administrative personnel expenses increased to $20.5 million in Q1 2025 from $16.3 million in Q1 2024, primarily due to higher accrued discretionary bonuses and employee benefits [6][21] Investment and Reinsurance - Net investment income for Q1 2025 was $13.8 million, slightly down from $14.1 million in Q1 2024, mainly due to decreased income from limited partnership investments [4][21] - Premiums ceded for reinsurance increased to $99.6 million in Q1 2025 from $68.1 million in Q1 2024, reflecting higher reinsurance costs associated with the growth in policies [4][21] Company Overview - HCI Group, Inc. operates two main units: insurance operations and Exzeo Group, which focuses on insurance technology innovations [10] - The company’s shares are traded on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [11]

Core Insights - HCI Group (HCI) is expected to report quarterly earnings of $4.49 per share, reflecting a year-over-year increase of 23% [1] - Anticipated revenues for the quarter are projected to be $210.17 million, showing a 1.7% increase compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' projections [1] Financial Metrics - Analysts predict 'Net investment income' will reach $14.96 million, representing a 6.4% increase from the prior-year quarter [3] - The 'Net premiums earned' are expected to be $197.61 million, indicating a year-over-year change of 4.8% [4] - The 'Expense Ratio' is estimated at 28.3%, up from 24.5% reported in the same quarter last year [4] - The 'Combined Ratio' is projected to be 71.5%, compared to 66.9% in the previous year [4] - The 'Loss Ratio' is expected to be 43.3%, slightly higher than the year-ago figure of 42.4% [5] Market Performance - HCI Group shares have increased by 7.8% over the past month, outperforming the Zacks S&P 500 composite, which saw a 0.4% change [5] - HCI holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5]

HCI Group (HCI) closed the latest trading day at $145.83, indicating a +1.65% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.75%, and the Nasdaq, a tech-heavy index, added 0.55%.The property and casualty insurance holding company's stock has dropped by 3.87% in the past month, falling short of the Finance sector's loss of 0.89% and the S&P 500's loss of 0.84%.The investment community will be paying close attention to th ...

Group 1 - HCI Group closed at $142.33, reflecting a -1.6% change from the previous day, underperforming compared to the S&P 500's gain of 1.67% [1] - Over the past month, HCI Group's shares increased by 2.98%, outperforming the Finance sector's decline of 4.45% and the S&P 500's drop of 6.57% [1] Group 2 - HCI Group is set to announce its earnings on May 8, 2025, with an expected EPS of $4.49, representing a 23.01% increase year-over-year [2] - The Zacks Consensus Estimate for revenue is projected at $210.17 million, a 1.72% rise from the same quarter last year [2] Group 3 - For the full year, the Zacks Consensus Estimates predict earnings of $14.98 per share and revenue of $881.26 million, indicating increases of +102.16% and +17.49% respectively from the previous year [3] Group 4 - Recent modifications to analyst estimates for HCI Group reflect evolving short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows HCI Group currently holds a Zacks Rank of 1, suggesting strong buy potential [6] Group 6 - HCI Group's Forward P/E ratio is 9.65, which is lower than the industry's Forward P/E of 11.74, indicating a valuation discount [7] - The Insurance - Property and Casualty industry ranks in the top 14% of all industries, with a current Zacks Industry Rank of 33 [7]